New state housing act: key aspects

2023-04-21T11:50:00
Spain
Main developments of the housing act affecting large property holders, developers and funds operating in the real estate sector
New state housing act: key aspects
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April 21, 2023

Parliamentary processing of the new state housing act has reached an advanced stage. Key aspects of the new regulation are:

  • New concept of large property holder.
  • Restrictions on housing rental prices.
  • Amendments to the system for extending residential lease agreements.
  • Property tax surcharges imposed on vacant housing.
  • Increased percentages of land reserves for social housing.
  • Ban on removing housing definitively subject to a public protection scheme from that classification, with some exceptions.
  • Restrictions on the sale of the public housing supply.
  • Amendments to the regulation on eviction processes, mortgage foreclosure and real estate auctions in situations of vulnerability.

 

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April 21, 2023